• Canadian employee ownership,  Culture,  Employee Ownership,  ESOP Benefits,  ESOPs in Canada,  participative culture

    Recognition and Culture to create Engagement

    As a business owner, you know how important it is to attract and retain top talent, so you’ve created an employee share ownership plan; recognition and engagement are important. This can be a great strategy to offer recognition of employees’ efforts in order to increase engagement and retention. Recognition and Engagement I recently read an article in Benefits and Pensions Monitor called “How recognition bolsters engagement and shields employees from burnout”, which indicated a few things that align with ESOPs. A report from Workhuman and Gallup, ‘Empowering Workplace Culture Through Recognition’ shows employees who believe that recognition is an important part of their organization’s culture are 3.7 times as likely…

  • Canadian employee ownership,  Communication,  Culture,  ESOP Benefits,  participative culture

    The magic ingredient for creating a successful ESOP

    Employee ownership works. It makes companies, on average, better, faster, and stronger. The typical employee-owner stays with his or her company longer, and many of them come up with the kinds of creative ideas that can push expenses lower than managers thought possible, or that open up new lines of business. Overall, the statistics show that, on average, everyone comes out ahead with employee ownership. Not surprisingly, some companies do far better than their peers, and some employee-owned businesses do not get any performance benefit at all, or may even do worse.  What separates the companies that outperform from the ones that underperform? A successful ESOP requires open communication. The…

  • Communication,  Succession planning

    Employee Engagement is Affected by Neuroscience

    What is the foundation for effective employee engagement within your ESOP? Trust.  Actually, trust is the foundation for every relationship, in any area of your life.  And the only way to create a workplace environment for greater connection, collaboration, innovation, creativity, and success, is by building incrementally higher levels of trust every day. A basic understanding of neuroscience can allow us to have a simple, understandable dialogue about some of the elements that instill trust, employee engagement, and can lead to an even more successful Employee Share Ownership Plan (ESOP).